An anonymous director reports

ELECTROVAYA RECEIVES FIRST PURCHASE ORDER FOR ITS LITHIUM ION CERAMIC DROP-IN REPLACEMENT FORKLIFT BATTERY FROM US FORTUNE 100 COMPANY

Electrovaya Inc. has received its first purchase order for $634,000 (U.S.) for its line of lithium-ion ceramic forklift battery systems for a U.S. Fortune 100 global snacking company. The batteries will be used in Class 1 and Class 2 forklifts and be installed at a single distribution centre as a drop-in battery in the forklift trucks.

Prior to the order, demonstration batteries were tested for over five months at one of the Fortune 100 company's distribution centres. Electrovaya's Elivate batteries powered the forklifts, three shifts a day and six days a week. The batteries were also tested and approved by the forklift truck manufacturer.

Electrovaya's booth No. 3283 at ProMat 2017, McCormick Place, Chicago, from April 3 to April 6, 2017, showcases the Elivate lithium-ion ceramic batteries.

Electrovaya's lithium-ion ceramic battery system is a green tech solution in the forklift sector. The Electrovaya battery can improve sustainability and enhance productivity, reduce maintenance, allow peak power shifting to reduce peak demand, and reduces electricity usage in heavy-duty 24/seven distribution and manufacturing environments. The Electrovaya batteries include its proprietary ceramic separator, Separion, enabling enhanced safety and cycle life.

About Electrovaya Inc.

Electrovaya designs, develops and manufactures proprietary lithium-ion ceramic batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications.

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